421 SW Ambaum Blvd | Burien, WA 98166
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- LoopNet Team
421 SW Ambaum Blvd
Burien, WA 98166
Lorheim Apartments · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Value Add Opportunity: Will be available to capture significant rental upside through renovations
- Attractive Going in Cap: Attractive going in cap rate with ability to stabilize at 5.75% after renovations
- Short Drive To Downtown Seattle: 20-minute drive to Downtown Seattle
- Rare Opportunity: Going in basis below $220k per unit in Burien, with a 92-walk score
- Near Burien’s Restaurant Row: Block from downtown Burien restaurants, shopping, grocers, and night life
- Spacious Units: Units averaging 700 square feet
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 4,444 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Zoning | RM24 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,444 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | RM24 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 700 |
PROPERTY TAXES
| Parcel Number | 121900-0540 | Improvements Assessment | $906,200 |
| Land Assessment | $151,800 | Total Assessment | $1,058,000 |
PROPERTY TAXES
Parcel Number
121900-0540
Land Assessment
$151,800
Improvements Assessment
$906,200
Total Assessment
$1,058,000
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